Bunge Global SA (NYSE:BG) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in Bunge Global SA (NYSE:BG) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,240 shares of the basic materials company’s stock after selling 275 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.05% of Bunge Global worth $5,540,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB lifted its holdings in Bunge Global by 59.3% during the 3rd quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company’s stock worth $10,281,000 after buying an additional 39,600 shares in the last quarter. Blue Trust Inc. raised its stake in Bunge Global by 121.5% during the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 361 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Bunge Global during the 3rd quarter worth $325,000. Lecap Asset Management Ltd. acquired a new stake in Bunge Global during the 3rd quarter worth $1,302,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Bunge Global during the 3rd quarter worth $348,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG stock opened at $69.88 on Wednesday. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15. The company has a 50 day moving average price of $77.03 and a 200 day moving average price of $87.63. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 8.65 and a beta of 0.69.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Sell-side analysts anticipate that Bunge Global SA will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of recent research reports. Bank of America dropped their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Barclays decreased their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.